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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Russian central bank lowers interest rate to 8%

  • By Al Mayadeen English
  • Source: Agencies
  • 22 Jul 2022 21:32
2 Min Read

The Russian Central Bank sharply lowered its interest rate on Friday, bringing it from 9.5% to 8%.

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  • Russian central bank lowers interest rate to 8 per cent
    Russian central bank lowers interest rate to 8%

The Central Bank of Russia announced on Friday that it lowered its interest rate from 9.5% to 8%. This decision was justified on the grounds that inflation has recently been slowing down.

After this reduction of 150 basis points, the Russian Central Bank's key rate is now lower than it was before the launch of Moscow's special operation in Ukraine at the end of February.

In the wake of Western economic sanctions, the Central Bank had drastically raised its rate from 9.50% to 20%, before making several cuts in recent months.

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"Current consumer price growth rates remain low, contributing to a further slowdown in annual inflation. This is due to both the influence of a set of one-off factors and the subdued consumer demand," the Bank of Russia said in a statement.

The bank added it is considering the necessity of further rate cuts in the second half of 2022, and the next rate review meeting is expected to be held on Sept. 16.

Prior to the start of the war, the Central Bank had drastically raised its interest rate from 9.50% to 20%, before making five successive cuts in recent months. It did so to support financial and price stability and protect the savings of citizens from depreciation amid the sanctions that were imposed by the West.

The central bank slashed the rate to 17 percent on April 8, to 14 percent on April 29, to 11 percent on May 26, and to 9.5 percent on June 10. 

Read more: 7th package of EU anti-Russia sanctions enters into force on July 21

  • Russia
  • Russian Central Bank
  • inflation

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